CBRE Capital Markets recently completed the sale of a three-building portfolio in Pennsylvania and Wisconsin. The portfolio is currently 100 percent leased to a single tenant on long-term leases.

Judd Welliver, Ryan Watts, Sonja Dusil and Tom Holtz in CBRE’s Minneapolis office represented the seller, a Miami-based family office.The buyer is a joint venture between Brennan Investment Group LLC and a client of Arch Street Capital Advisors, LLC. The sale closed July 20, 2018.

The portfolio totals 500,081 square feet with buildings located in Appleton, Wisconsin and Hazelton, Pennsylvania. Properties sold include:

- Appleton, Wisconsin, a two-building portfolio consisting of approximately 295,000 square feet on a 13.02-acre site

- Hazelton, Pennsylvania, a single building consisting of 205,320square feet on an 11.63-acre site.

“With the long-term leases currently in place, this portfolio is a sound investment that offers stable cash flow for the new owner,” said Mr. Welliver, Senior Vice President, CBRE.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.